Xmet Announces Appointment of President and Director, and Stock Option Grants
December 15 2013 - 11:23AM
Marketwired
Xmet Announces Appointment of President and Director, and Stock
Option Grants
TORONTO, ONTARIO--(Marketwired - Dec 15, 2013) - Xmet Inc.
("Xmet" or the "Company") (TSX-VENTURE:XME)(OTCQX:XMTTF). Alexander
Stewart, Chairman and CEO is pleased to announce that Xmet's Board
of Directors has appointed Stephen Stewart as President of Xmet.
Stephen will also joined the Board of Directors which now consists
of seven members.
Stephen has nearly 15 years of experience in the resource and
finance industries where he has evaluated and successfully raised
capital for precious metals and bulk resource projects. His focus
has been on the acquisition, exploration and development of
resource assets and has served as a senior officer with TSX Venture
companies. In the past he has held roles with RTO Capital and the
Ontario Municipal Employee Retirement System (OMERS) where he
focused on acquisitions and strategic planning. Stephen is also an
active member of the Prospectors and Developers Association of
Canada's Securities Committee. Stephen holds a Bachelor of Arts
from the Western University, a Master of Business Administration
from the University of Toronto Rotman School Of Management and a
Master of Science from the University of Florida.
Xmet also announces grants of incentive stock options to
directors and officers of Xmet. Stock options to purchase an
aggregate of 2,000,000 common shares have been granted pursuant to
the Xmet's Stock Option Plan (the "Option Plan"). The options are
priced at $0.15 per share and expire five years from the date of
issue, and are subject to the terms and conditions of the Option
Plan, and the policies of the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Xmet assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Xmet. Additional information identifying risks and
uncertainties is contained in filings by Xmet with Canadian
securities regulators, which filings are available under Xmet's
profile at www.sedar.com.
Xmet Inc.416-644-6588www.xmet.ca
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